https://www.taxtmi.com/caselaws?id=196757 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer were without jurisdiction and not sustainable. The grounds raised by the Department were dismissed. Additionally, the Tribunal affirmed that the Dispute Resolution Panel has the authority to annul assessments, dismissing the Department's contention that the DRP exceeded its powers. The Department's appeal and the assessee's cross objections were both dismissed. en-us Wed, 28 Dec 2016 00:00:00 +0530 Wed, 13 Dec 2017 17:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196757 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer were without jurisdiction and not sustainable. The grounds raised by the Department were dismissed. Additionally, the Tribunal affirmed that the Dispute Resolution Panel has the authority to annul assessments, dismissing the Department's contention that the DRP exceeded its powers. The Department's appeal and the assessee's cross objections were both dismissed. Case-Laws Income Tax Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196757